Investment Banks | Global Deal Dashboard

Research evidence excerpt

Investment Banks | Global Deal Dashboard

Update

July 6, 2026 08:00 PM GMT

Morgan Stanley & Co. LLCMInvestment Banks | Global Manan Gosalia

Equity Analyst

Deal Dashboard Manan.Gosalia@morganstanley.comRyan Kenny, CFA +1 212 761-4092

Ryan.Kenny@morganstanley.com +1 212 761-1664

Connell J Schmitz

Research Associate

Connell.Schmitz@morganstanley.com +1 212 761-6252

Key Takeaways

Morgan Stanley & Co. International plc+

Global investment banking trends showed broad-based strength across products Giulia Aurora Miotto, CFA

in 2Q26, with announced M&A and syndicated loans hitting new quarterly EquityGiulia.Aurora.Miotto@morganstanley.comAnalyst +44 20 7425-5344

records.

Morgan Stanley Europe S.E., Madrid Branch+

Prelim 2Q data show industry volume for announced/completed M&A up Alvaro Serrano

64%/33% y/y, ECM/IPOs up 107%/353% y/y, DCM up 19% y/y, Loans up 10% y/y. Equity Analyst

Alvaro.Serrano@morganstanley.com +44 20 7425-6942

Earnings kick off Tuesday, July 14 with C, GS, JPM, WFC; expect strength in both

Morgan Stanley & Co. LLC

trading/IB, w/ mgmt. comments reiterating positivity on pipelines. Michael J. Cyprys, CFA, CPA

Today's data compares full quarter 2Q26 vs. prior quarter and prior year's quarter. Michael.Cyprys@morganstanley.com +1 212 761-7619

Exhibit 1: 2Q26 Full-Qtr Dealogic Fees Y/Y vs. Current MSe/Consensus

Franco Insausti, CFA

Estimates Equity Analyst

Franco.Insausti@morganstanley.com +44 20 7677-3769

M&A ECM DCM + Loans Total IBD

Investment Banking

Fees Dealogic MSe Cons. Dealogic MSe Cons. Dealogic MSe Cons. Dealogic MSe Cons. Morgan Stanley MUFG Securities Co., Ltd.+

Y/Y 2Q26 Y/Y 2Q26 Y/Y Y/Y 2Q26 Y/Y 2Q26 Y/Y Y/Y 2Q26 Y/Y 2Q26 Y/Y Y/Y 2Q26 Y/Y 2Q26 Y/Y

BAC 78% 61% 55% 96% 30% 25% 21% 13% 15% 47% 28% 26% Mia Nagasaka